BT Pension Scheme strategy chief absorbs responsible investment role

Head of Responsible Investment Daniel Ingram is not directly replaced

The UK’s BT Pension Scheme (BTPS) has assigned its Director of Strategy, David Griffiths, to oversee responsible investment at the £46bn (€53.2bn) fund as Daniel Ingram’s role as Head of Responsible Investment is not being directly replaced.

Ingram is leaving the fund, one of the largest in the UK and a founding signatory of the UN-supported Principles for Responsible Investment (PRI), to join US consulting firm Wilshire.

BTPS, which owns ESG-focused fund manager Hermes, has long been a driving force in responsible investment; its trustee director Donald Macdonald was inaugural chair of the PRI.A spokesperson told RI that Griffiths, who has been with the telecom fund for over 10 years, would incorporate Ingram’s former responsibilities into his current role.

At Wilshire, Ingram will be Vice-President of Responsible Investment Research & Consulting.

He will assist the “advisory and outsourced-CIO” firm – a subsidiary of Wilshire Associates – develop and expand its ESG and SRI capabilities. Prior to BTPS, Ingram was a Senior Corporate Governance Analyst at Hermes.

Last week RI reported on another appointment at BTPS: Former CFO at Dutch industrial chemicals firm Akzo Nobel, Keith Nichols was named as a Director, according to a filing.

BTPS closed to new members in 2001, but remains responsible for around 320,000 beneficiaries.